The multispace parking meter market was valued at USD 0.4 Bn in 2021. The market is projected to grow USD 1.3 Bn in 2030, at a CAGR of 8.8%. Multispace parking meters are utilized to collect parking fees based on the length of time spent parked. It can be set up to operate as a pay-by-plate, pay-by-space, or pay-and-display system. The multispace parking meter includes a user-friendly interface that makes parking payments quick, easy, and secure. Coins, bills, credit and debit cards, smart cards, and telephone payments are all accepted by multispace meters. Multispace parking meters are particularly resistant to vandalism.
The multispace parking meter is a device that collects money in exchange for parking a car in a specific location for a set amount of time. Due to an integrated on-street parking policy that considers traffic and mobility management objectives, municipalities utilize parking meters. Parking meters are commonly utilized to generate revenue from parked automobiles in high-traffic areas such as government facilities, hospitals, public parks, malls, and stadiums. Because parking meters are situated in high-traffic areas, they can be utilized as a tool for municipalities to enforce their street parking policies. Both governmental and commercial entities use parking meters as part of their parking management solutions.
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A strong research methodology employed in the winning Multispace Parking Meter Market business report consists of data models that include Market Overview and Guide, Vendor Positioning Grid, Market Time Line Analysis, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. Businesses can attain details about market drivers and market restraints which assist them to take presumption about reducing or increasing the production of particular product.
The report provides a comprehensive analysis of company profiles listed below:
Flowbird Group
Hectronic
IEM SA
IPS Group, Inc.
MacKay Meters
Kinouwell Tech
CivicSmart, Inc.
PRECISE PARKLINK INC.
METRIC Group Ltd
POM Inc.
Shenzhen Horoad Electronic Technology Development Co., Ltd.
Ventek International
Others
Type Analysis of World Wide Market:
On-street Parking
Off-street Parking
Segmentation of global Multispace Parking Meter Market by Application:
Government Institutions
Hospitals
Parks
Transit Systems
Malls and Stadiums
Others
Market segment by Region/Country including:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America (Brazil, Argentina and Colombia etc.)
• Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)
This Multispace Parking Meter market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.
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This research report gives detailed data about the major factors influencing the growth of the Multispace Parking Meter market at the global level forecast of the market size, in terms of value, market share by region and segment, regional market positions, segment and country opportunities for growth, Key company profiles, SWOT Analysis, product portfolio and growth strategies. In this report, the market’s essential sides such as top participants, expansion strategies, business models and other market features to improve market insight.
